New Loan Funded!

826 West 2nd Street Lakeland, FL 33805

Collateral:

826 West 2nd Street Lakeland, FL 33805

Description:

Borrower requested a $56,000 loan, pledging a cash flowing single family rental property in Lakeland, Florida as collateral. The property is being purchased for $79,900 and is tenant occupied renting at $500/month until February 2022. Once the current tenant’s lease expires, the borrower plans to complete a $35,000 remodel and re-rent at a higher rate. Exit strategy is for either a refinance or sale of the property, yet to be determined.

Collateral:

Description:

This is a $380,000 new construction loan request for a single-family property located in St. Augustine, FL. The home will feature 3 bedrooms, 2.5 bathrooms, and an office that can serve as an additional bedroom, with a total of 2,256 square feet of living space. The borrower will refinance the subject property if the builds and the sales take longer than anticipated.

Collateral:

Description:

This is a $156,000 fix-and-lease loan request, for a single-family property located in Orlando, FL. The property features 3 bedrooms, 1 bathroom, and 1,020 square feet of living space. The borrower intends to exit the loan through a Debt Service Coverage Ratio (DSCR) refinance upon completion of the renovation.

Collateral:

Type:

Description:

Borrower requested a $600,000 loan to refinance a single-family property in Odessa, Florida. The property features 5 beds and 4 baths at 3,237 sq/ft and is in great condition, with a 2023 roof, 2022 A/C and remodeled bathrooms. The borrower will sell the subject property as an exit to this loan.